Galaxy Digital (GLXY) Stock Price, News & Analysis

Company Overview

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products. It also offers GalaxyOne, a unified technology platform for institutional investors; and financial and strategic advisory services for the digital assets, Web3, and blockchain technology sector. In addition, the company provides Galaxy Asset Management, a platform that provides access to the digital asset ecosystem; bitcoin mining and validator services; and quantitative, arbitrage, and macro trading strategies. Further, it develops, operates, and invests in technology that powers the digital assets ecosystem, such as bitcoin mining and hosting services, network validator services, and enterprise-grade self-custody technology. Galaxy Digital Holdings Ltd. is headquartered in New York, New York.

Key Stats

• Today's Range: C$25.69 to C$28.49
• 50-Day Range: C$16.25 to C$29.90
• 52-Week Range: C$7.61 to C$30.71
• Volume: 1.21 million shs
• Average Volume: 838,199 shs
• Market Capitalization: C$3.29 billion
• P/E Ratio: 4.77
• Dividend Yield: 12.30%
• Price Target: C$22.25
• Consensus Rating: Buy

Galaxy Digital Stock Analysis - MarketRank™

Galaxy Digital scored higher than 26% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Galaxy Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Galaxy Digital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Galaxy Digital is 4.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.78.

Price to Earnings Ratio vs. Sector

The P/E ratio of Galaxy Digital is 4.77, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 446.80.

Price to Book Value per Share Ratio

Galaxy Digital has a P/B Ratio of 3.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for GLXY.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Galaxy Digital is a leading dividend payer. It pays a dividend yield of 12.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Galaxy Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for GLXY.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.30

News Sentiment

Galaxy Digital has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Galaxy Digital this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for GLXY on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

4 people have added Galaxy Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Galaxy Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,491,710.00 in company stock.

Percentage Held by Insiders

Only 2.07% of the stock of Galaxy Digital is held by insiders.

Percentage Held by Institutions

Only 23.28% of the stock of Galaxy Digital is held by institutions.

GLXY Stock Analysis - Frequently Asked Questions

How have GLXY shares performed this year?

Galaxy Digital's stock was trading at C$10.33 on January 1st, 2024. Since then, GLXY stock has increased by 154.7% and is now trading at C$26.31.
View the best growth stocks for 2024 here.

How do I buy shares of Galaxy Digital?

Shares of GLXY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Galaxy Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Galaxy Digital investors own include Meta Platforms (META), Galaxy Digital (BRPHF), NVIDIA (NVDA), PDD (PDD), Palantir Technologies (PLTR), QUALCOMM (QCOM) and Super Micro Computer (SMCI).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Capital Markets
• Sub-Industry: Trading
• Current Symbol: TSE:GLXY
• CUSIP: N/A
• CIK: N/A
• Web: www.galaxydigital.io
• Phone: 212-499-0070
• Fax: N/A
• Employees: 434
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$22.25
• High Stock Price Target: C$24.50
• Low Stock Price Target: C$20.00
• Potential Upside/Downside: -20.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$5.51
• Trailing P/E Ratio: 5.08
• Forward P/E Ratio: 13.33
• P/E Growth: N/A
• Net Income: C$363.31 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: 50.81%
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.74
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.19 per share
• Price / Cash Flow: 144.29
• Book Value: C$7.74 per share
• Price / Book: 3.62

Miscellaneous

• Outstanding Shares: 124,990,000
• Free Float: N/A
• Market Cap: C$3.50 billion
• Optionable: Not Optionable
• Beta: 3.17